Sumitomo Riko Co. Ltd. (TYO:5191) has seen Finesulight, a thin heat-insulating material, win the 2022 Aichi Invention Award issued by the Aichi Institute of Invention. Finesulight sees silica aerogel, a heat-insulating filler with pores small enough that even air is unable to move significantly, turned into paint form. The material is then coated onto base materials such as nonwovens or...
Sumitomo Riko (TYO:5191) has had its anti-vibration rubber for trains get selected for use in the 315 series, a conventional commuter train offered by Central Japan Railway Co. (JR Central; TYO:9022). Anti-vibration rubber can be fitted to a train’s bogie to minimize vibration while the train is in motion. Sumitomo Riko’s offerings in this market are used in overseas and...
Sumitomo Riko Co. Ltd. (TYO:5191) has established a new division for the pursuit of carbon neutrality. As the trend toward carbon neutrality speeds up around the world, the major rubber auto parts manufacturer intends to reduce its in-house greenhouse gas emissions – including those of CO2 – by 30 percent over fiscal 2018–2030. Aims are to then reach carbon neutrality...
Sumitomo Riko Co. Ltd. (TYO:5191) has posted its financial results for the first three quarters of fiscal 2021, revealing sales of 321.5 billion yen ($2.79 million), up by 13.3 percent year-on-year; 1.12 billion yen of business profit, up by 66.4 percent; and a net loss of 4.64 billion yen, improved from a loss of 7.26 billion yen in the same...
Sumitomo Riko Co. Ltd. (TYO:5191) has installed and started up solar power facilities at a plant operating in Mitake, Gifu Prefecture, under domestic group company Tokai Chemical Industries Ltd. These facilities have been established as part of an on-site power purchase agreement (PPA), marking the Sumitomo Riko Group’s third domestic site to make use of such a model. The on-site...
Sumitomo Riko Co. Ltd. (TYO:5191) President Kazushi Shimizu recently spoke about current efforts being made by the company, highlighting here the good progress being made on the structural reform it has been pursuing of late. And with this in mind, plans going forward are to achieve growth for both auto parts and general industrial products, he said. Shimizu noted here...
